First Trust High Yield Opportunities 2027 Term Fund Common Stock (FTHY)

Competitors to First Trust High Yield Opportunities 2027 Term Fund Common Stock (FTHY)

BlackRock Corporate High Yield Fund

The BlackRock Corporate High Yield Fund targets a similar investment strategy as the First Trust High Yield Opportunities 2027 Term Fund, focusing on high-yield corporate bonds. Both funds seek to generate income for investors by investing in bonds that are rated lower than investment grade. However, BlackRock has a larger asset base and a more extensive distribution network, giving it an edge in terms of brand recognition and investor trust. Their extensive experience in fixed-income investing further enhances their competitive advantage, making them a dominant player in the high-yield market.

Franklin Liberty High Yield Corporate ETF 

Franklin Liberty High Yield Corporate ETF focuses on a similar asset class as First Trust's FTHY, but it distinguishes itself through the flexibility and tax efficiency of its ETF structure. Franklin's ability to adjust quickly to market conditions due to its ETF model can provide a competitive edge in high-yield investments. While both funds aim to deliver high returns through corporate bonds, Franklin's approach to leveraging technology and varying investment strategies positions it as a forward-thinking competitor in comparison to the more traditional structure of First Trust’s bond fund.

Invesco High Yield Equity Fund 

Invesco's High Yield Equity Fund similarly aims to provide high returns through investments in high-yield corporate securities, thus competing directly with First Trust's FTHY. However, Invesco specializes in a broader set of investment strategies and offers targeted funds that attract a diverse clientele. They leverage their substantial portfolio management resources and financial innovation to remain agile in the market. This adaptability gives Invesco a competitive advantage over First Trust, allowing it to attract more investor interest in fluctuating market conditions.

PGIM High Yield Fund

PGIM High Yield Fund competes by offering a similar high-yield investment focus as First Trust. The fund leverages the experience and institutional knowledge of PGIM, a well-established asset management firm, to select high-yield investments. While both funds target income-driven investors, PGIM's robust research and risk management practices provide it with a competitive edge. With a track record of stability and risk mitigation, PGIM often attracts risk-averse investors seeking high yield with additional security in their portfolios.

Schwab High Yield Bond Fund 

The Schwab High Yield Bond Fund competes in the same high-yield investment space. Schwab's reputation for low fees and strong customer service may appeal to cost-sensitive investors compared to First Trust’s offerings, which can be perceived as higher cost due to their specialized nature. Additionally, Schwab's vast distribution channels and established client base provide them with a competitive advantage. Their financial technology tools also enhance investor engagement, allowing for a comprehensive investment experience that rivals First Trust's traditional approach.